C2FO, Ripple and BNY are testing a tokenised receivables financing programme, with a controlled launch in the US planned by the end of the year. C2FO’s supply chain finance platform typically lets suppliers get paid early on invoices their customers have already approved, with investors providing the cash. As part of the trial, investors pay for the invoices using Ripple’s stablecoin, RLUSD, which is pegged to the US dollar. In return, they will hold digital tokens representing the invoices. The payments will then be settled on the $XRP Ledger. Suppliers can receive instant payment using RLUSD for settlement 🙌
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